New Jersey Medicare Supplement Plans 2019 Medigap Plans
Which New Jersey Medicare Supplement is Best for Me?
Three out of four New Jersey seniors agree: Original Medicare and a Medicare Supplement give them the best health insurance coverage available. It all comes down to choice and control. But, which Medigap plan is best for you?
We're all different, and so are our health needs and budget. What's best for you is very different than what's best for your neighbors, or even your spouse. It all comes down to what you can afford and your health. That said, you can narrow your search to what's most popular, plans: F, G and N. Read on to learn why.
| Insurance Carrier | Plan F | Plan G | Plan N | Rating | |
|---|---|---|---|---|---|
| AARP | $163.44 | $140.88 | N/A |  |
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| Aetna | $166.27 | $142.28 | N/A |  |
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| Americo Life | $165.67 | $137.14 | N/A | |
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| AmeriHealth New Jersey | $169.77 | N/A | N/A |  |
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| Bankers Fidelity | $163.46 | $135.73 | N/A | |
|
| Central States | $215.42 | $168.42 | N/A | |
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| Colonial Penn | $174.94 | N/A | N/A | |
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| Combined Insurance | $172.38 | $146.11 | N/A | |
|
| Equitable National | $168.24 | $131.54 | N/A | |
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| Gerber Life | $209.34 | $171.94 | N/A | |
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| Greek Catholic Union | $175.46 | $144.22 | N/A |  |
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| Horizon Blue Cross and Blue Shield of New Jersey | $204.18 | $193.25 | N/A | |
|
| Humana | $195.65 | N/A | N/A | |
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| IAC | $183.27 | $135.01 | N/A | |
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| Liberty Bankers Life | $163.14 | $130.03 | N/A | |
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| Loyal American | $154.75 | $133.16 | N/A | |
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| Loyal Christian | $174.19 | $144.25 | N/A | |
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| ManhattanLife | $160.50 | $135.42 | N/A | |
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| MassMutual | $173.81 | $139.10 | N/A | |
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| National Guardian Life | $179.20 | $137.42 | N/A | |
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| Omaha Insurance Company | $164.60 | $136.26 | N/A | |
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| Philadelphia American | $182.67 | $140.09 | N/A | |
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| Polish Falcons of America | $160.92 | $130.76 | N/A | |
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| Renaissance Life | $167.65 | $136.86 | N/A | |
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| Reserve National | $168.31 | $147.20 | N/A | |
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| SBLI USA Life | $166.82 | $136.04 | N/A | |
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| Shenandoah Life | $169.42 | $133.75 | N/A | |
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| Thrivent | $170.47 | $133.44 | N/A | |
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| Transamerica | $197.68 | $129.85 | N/A | |
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| United American | $210.00 | N/A | N/A | |
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Compare Plan RatesThe average New Jersey senior compares three or more quotes before making an enrollment decision. |
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Top 10 Medicare Supplement Plans in New Jersey
Looking for the best Plan F, G or N available to New Jersey seniors?
- 10 Best Medicare Supplement Plan F
- 10 Best Medicare Supplement Plan G
- 10 Best Medicare Supplement Plan N
10 Best Medigap Plan F Policies in New Jersey
Medicare Supplement Plan F is the most popular Medigap plan available in New Jersey. Here are the 10 best Plan F policies available in New Jersey based on our reviews (click for details):
| Carrier | Premium[1] | Fee | Review[2] |
|---|---|---|---|
| AARP | $163.44 | None | |
| Omaha Insurance Company | $164.60 | None | |
| Reserve National | $168.31 | None | |
| Thrivent | $170.47 | $25.00 | |
| MassMutual | $173.81 | None | |
| Loyal American | $154.75 | $20.00 | |
| ManhattanLife | $160.50 | $25.00 | |
| Liberty Bankers Life | $163.14 | $25.00 | |
| Bankers Fidelity | $163.46 | $25.00 | |
| Americo Life | $165.67 | None | |
10 Best Medigap Plan G Policies in New Jersey
Medicare Supplement Plan G is rapidly gaining popularity among New Jersey seniors. With Plan F going away in 2020, it is expected to be the new gold standard. Here are the 10 best Medigap Plan G policies available in New Jersey based on our reviews (click for details):
| Carrier | Premium[1] | Fee | Review[2] |
|---|---|---|---|
| Thrivent | $133.44 | $25.00 | |
| Omaha Insurance Company | $136.26 | None | |
| MassMutual | $139.10 | None | |
| AARP | $140.88 | None | |
| Reserve National | $147.20 | None | |
| Liberty Bankers Life | $130.03 | $25.00 | |
| Loyal American | $133.16 | $20.00 | |
| ManhattanLife | $135.42 | $25.00 | |
| Bankers Fidelity | $135.73 | $25.00 | |
| Americo Life | $137.14 | None | |
| NOTE: Medigap Plan G is identical to Plan F, with one exception. A Plan G policy does not pay your Medicare Part B annual deductible. In many cases the annual cost of Plan G makes it a better deal. | |||
Medicare Supplement Plan Reviews
We review all major Medigap insurance carriers selling Medigap policies in New Jersey. Our 5-star ratings are unbiased. We use a complex formula that evaluates years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. Currently, our formula does not take rate increase history into account, so be sure to ask your agent for this information.
Our analysis of Medicare Supplement Plans in New Jersey are based on a statewide review, not national. We recommend consumers use our 5-star ratings as one aspect of their decision making process. It helps compare insurance carriers at-a-glance.
Medigap Rates (Premiums)
We list monthly premiums for all Medigap plans offered by Medicare Supplement carriers in New Jersey. Rates are samples based on a 65 year old, non-smoking woman and include applicable household discounts. Use our rates for comparison purposes only. Your actual rate will be based on where you live, your age, sex and use of tobacco products.
Medigap Plans are Standardized Medicare Supplements
All Medicare Supplement insurance carriers in New Jersey are required to follow both federal and state laws designed to protect you. All Medigap plans must be clearly identified as Medicare Supplement Insurance. Insurance companies must offer the standardized Medicare Plans identified by letters A through N.
NOTE: Medigap, Medicare Supplements and Medicare Plans are all names used interchangeably for supplemental insurance that fill the gaps in Original Medicare coverage.
Each of the lettered Medicare supplement insurance plans offer the core coverage provided by Plan A. Plans B through N have a varying range of additional coverage. This way you can choose an appropriate policy based on the amount of insurance you need.
Insurance companies are free to choose the policies they offer, although New Jersey state laws might affect which ones they can offer. Carriers offering Medicare Plans:
- Don't have to offer every Medigap plan
- Must offer Medigap Plan A if they offer any Medigap policy
- Must also offer Plan C or Plan F if they offer any plan
For more information, visit the New Jersey Department of Insurance website at http://www.dobi.nj.gov/.
Medicare Supplement Plan F: Is it the Best Plan in New Jersey?
Even though Medicare Plan F is the most costly, it is the overwhelming favorite. More than 50 percent of all seniors with a Medigap policy in New Jersey choose Plan F. The reason is simple. It offers complete gap coverage.
IMPORTANT: If you want the gap protection of Medicare Supplement Plan F, you must get enrolled before January 2020. Congress voted to abolish Plan F. Starting January 2020 carrier are no longer able to sell these polices.
RELATED: Medicare Plan F: What Does this Medicare Supplement Offer?
Is the AARP Medicare Supplement the Best in New Jersey?
This is one of the most common questions we're asked. AARP Medicare Supplements, which are underwritten by United Healthcare, offer the exact same coverage as standardized plans offered by other Medigap insurance carriers. The big difference is the monthly premium.
In our experience, AARP Medigap Plans are typically more expensive than average, and is often the most expensive. However, United Healthcare has a large number of hospitals under contract, allowing them to offer Medicare SELECT policies at better rates than standard Medicare Supplements. This allows them to be very competitive on rates if you agree to use a specific hospital.
The most popular AARP Medicare Supplements are Plan F, Plan G and Plan N. The comparison chart below highlights the difference in coverage.
Med Supp Plan Comparison Chart
The following Medicare Supplement Plans Comparison Chart offers a quick look at the benefits provided by each Medigap policies.
| Medigap Benefits | A | B | C | D | F* | G | K | L | M | N |
|---|---|---|---|---|---|---|---|---|---|---|
| Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefifits are used up | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Medicare Part B Coinsurance or Copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes** |
| Blood (First 3 Pints) | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Part A Hospice Care Coinsurance or Copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Skilled Nursing Facility Care Coinsurance | No | No | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Medicare Part A Deductible | No | Yes | Yes | Yes | Yes | Yes | 50% | 75% | 50% | Yes |
| Medicare Part B Deductible | No | No | Yes | No | Yes | No | No | No | No | No |
| Medicare Part B Excess Charges | No | No | No | No | Yes | Yes | No | No | No | No |
| Foreign Travel Emergency (Up to Plan Limits) | No | No | Yes | Yes | Yes | Yes | No | No | Yes | Yes |
| Out-of-Pocket Limit*** | None | None | None | None | None | None | $5,240 | $2,620 | None | None |
* Medicare Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,240 before your Medigap plan pays anything.
** Medicare Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don't result in an inpatient admission.
*** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.
Medigap vs Medicare Advantage
Still wondering if a Medigap plan is right for you? Considering Medicare Advantage as an alternative? For many seniors it's a difficult decision. Here's our advice.
First, understand the difference between Medigap and Medicare Advantage plans available in New Jersey. Medicare Supplement insurance fills gaps in your Original Medicare benefits. Medicare Advantage replaces your Original Medicare benefits with managed care.
Second, if you want the most choices and flexibility, Original Medicare combined with a Medigap plan and a New Jersey Medicare Part D plan is the way to go.
RELATED: Medicare Advantage vs. Medigap: Which Is Best?
Need Local Help?
The State Health Insurance Assistance Programs (SHIPs) provide free, one-on-one insurance counseling and assistance to Medicare beneficiaries, their families and caregivers. The New Jersey SHIP is a grant-funded project of the federal U.S. Department of Health and Human Services (HHS). You can reach them by phone or on their website:
- 1-800-792-8820 (in state only); 1-877-222-3737 (out of state)
- http://www.state.nj.us/humanservices/doas/services/ship/index.html
Looking for Insurance Carrier Contact Information?
Disclaimers
The Medicare Supplement Insurance data on MedicareWire.com comes from Medicare.gov, CMS.gov and private sources and is subject to change. CMS has neither reviewed nor endorsed the information on this site.
The MedicareWire.com website is available for educational purposes. Our goal is to present information about senior health insurance accurately and without bias, based on our interpretation of factual information. However, this site is not intended as a substitute for legal, health, or financial advice from a licensed professional. On this page we help consumers:
Compare 2019 Medicare Supplement Plans in New Jersey. Get rates and reviews, including Plan F, G, and N. Find the best Medigap Plans in New Jersey at the lowest cost available. Get an AARP Med Supp plan, guaranteed issue, if you're turning age 65.
MedicareWire.com is an independent research, technology and publishing organization. We are not affiliated with Medicare, Medicare plans, insurance carriers, or healthcare providers, nor are we compensated for Medicare plan enrollments.
Trademarks
The logos and brand names used on this page are legal U.S. trademarks. We make no claim to the marks whatsoever, nor do we claim to represent the brands, products or services presented. We use brand names and logos on this page for editorial purposes only, as permitted by U.S. Trademark Fair Use Law and the Great State of New Jersey.
Foot Notes
[1] Sample premium is for a 65 year old, non smoking, woman living in New Jersey. The rate was accurate on date of publication. Rates change frequently and they are priced by county. You must contact a licensed agent to get a current rate for your situation.
[2] Review rating stars are derived from MedicareWire reviews on our Medigap Plan pages.
The Medicare supplement insurance information on MedicareWire is maintained by David Bynon and was last updated on .